The Skipton cuts buy-to-let rates

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The Skipton Building Society is cutting rates by up to 0.23 percentage points across its buy-to-let range which is now available for both purchase and remortgage.

The mutual’s new buy-to-let range includes five-year fixes at 2.29% to 60% LTV with £995 fee, 2.40% to 70% LTV with £1,995 fee, and 2.59% to 75% LTV with £995 fee.

The two-year fixed range includes a fee free 2.19% to 60% LTV, and the three-year range includes a 1.99% to 60% LTV with £995 fee.

Included in the refreshed buy-to-let range are fee free products offering £350 or £500 cashback dependant on length of fix. These include a two-year fix at 2.59% to 70% LTV and a five-year fix at 2.69% to 60% LTV.

All buy-to-let products offer free valuations, with certain remortgage products also offering standard legal fees.

Kris Brewster, the society’s head of products, said: “We are delighted to introduce this refreshed buy-to-let range, which can be used for both purchase and remortgage, and offer more products across varying LTVs.

“With rate reductions of up to 0.23%, we believe Skipton is offering good competitive products, with a range of completion fees providing more choice.

“Skipton’s buy-to-let deals continue to prove popular and we believe this new range offers great value for purchasers of buy to let property and for those wishing to remortgage their portfolio.”